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Fairfax Area Wine Store w/Onsite Tastings & Cafe - Food Not Required!
Los Angeles, California

Asking Price

$145,000

Office Listing #

Sack
Revenue $508,022 / year Lease Rent $6,976 / month
Cash Flow $42,484 / year Square Feet 1146
Direct Link www.restaurants-for-sale.com/28152

    

The quaint Fairfax / Beverly Center area wine store and cafe boasts a fantastic ion of wine and complements their offerings with onsite tastings and providing patrons a fine cafe menu for onsite or take-away dining. As the venue is not a bona-fide restaurant it does not have a hood or kitchen. As it migrated from a retail-driven concept to a food driven one food service is not required but itís a solid customer draw and revenue generator! The gourmet shopís menu complements its wine ion. The 1,146 square foot combination retail and cafe venue leases for $5,800 per month plus $1,176 in triple net expenses. The leaseís term expires in 2020 with one 5 year option. All of the businessís furniture, fixtures, equipment, goodwill and Type 42 Beer & Wine license will be included in the sale. Approximately $10,000 in wine inventory will be sold at cost at close. The unit has 2 rest rooms and a managerís office. While competition exists in the retail craft beer and wine segment of the market, and also abounds in the light fare that is prepared for patrons, this venue uniquely combines the two to create a more thorough customer experience. As such, its stands out amongst others in an area that has a number of dining and shopping choices. New operators will likely want to capitalize on the foundation that has been built, but enhance it by bolstering the businessís retail, catering and gift basket components. The venue caters to both food and wine epicureans as well as neighborhood patrons looking for a quick quality bite, but one need not be a connoisseur of the finer things to appreciate the items on offer. The store could promote its established gourmet food and wine market position via the addition of complementary higher-end retail items such as pastas, cheeses, charcuterie, truffles, caviar, and gourmet chocolates, olive oils, vinegars as well as unique imports. Benefits may also be achieved from website improvements that promote the retail ion or food options may be expanded with the addition of an electric hood. The venue has fantastic panini style sandwiches but they are not heavily promoted in the area.

  

General Information

Organization Sole Proprietorship
Year Established 2017
Current Owners Contact For Info
Employees 6PT
Operating Hours Contact For Info
Reason For Sale Personal
   

Facilities

Seating Contact For Info
Square Feet 1146
Parking Contact For Info
Licenses Contact For Info
   

Financials

Revenue $508,022 / year
Cash Flow $42,484 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E $20000
 
 

Lease

Lease $6,976 / month  
Expiration Not Available  
Yearly Adjustment Not Available  
Option Not Available  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Ryan Clark
phone: 3106528353
R Clark
The Veld Group
phone: (310) 652-8353

www.theveldgroup.com

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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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